The CNB lowered the base rate by 25bp, as expected by the markets. The new forecast represents a shift in a stagflationary ...

The central bank seems to have slowed down the depreciation of the lira recently. It has done this not by selling FX to the ...

Underlying inflation trend and inertia: 3.9 percentage points for 2024 and 3.5ppt for 2025. Food prices: 1.6ppt for 2024 and ...

Trump would likely try to counter any strength in oil prices as a result of this by pressuring OPEC+ to increase output. This ...

Finance Minister Lan Fo’an noted that the outstanding scale of hidden debt was around RMB14.3tn; with the measures approved ...

The BoE and Fed delivered largely anticipated cuts, but were reluctant to provide more guidance. Treasury and Gilt yields ...

Bund spreads versus OIS are back to pre ECB QE levels, but persistent structural headwinds and political turmoil still ...

A large portion of the election move in the dollar has been unwound. That, to us, looks more like a positioning adjustment ...

But the outlook for 2026 is more uncertain and clouded by the threat of tariffs. If those tariffs are watered down – either ...

The National Bank of Romania (NBR) kept the policy rate at 6.50%, in line with expectations. The Bank highlighted again the ...

Despite big spending increases in last week’s UK budget, the Bank of England has signalled that it’s not a game changer for ...

Chinese assets sold off after the Trump 2.0 outcome, but policymakers should be more prepared this time around. China’s ...